The job-hopper and the job-hugger: Two distinct species, with one going into hibernation as the other emerges. Bank of America’s latest research shows that the era of the job-hopper—once the defining labor market species during the pandemic’s Great Resignation—is quickly vanishing. The job-hopper’s day was 2022, BofA finds, and even though it doesn’t use the phrase, the report constitutes additional evidence that 2025 is the heyday of the “job-hugger.”
Consulting firm Korn Ferry found earlier this month that the careers climate of 2025 has workers holding on to their jobs “for dear life.” This analysis followed a shocking jobs report from the Bureau of Labor Statistics for July, which massively revised downward earlier estimates of jobs growth in May and June. Beyond President Trump immediately firing the head of the bureau, it confirmed an economy with minuscule jobs growth.
